PRESS RELEASE

felyx obtains record investment of €24 million

Amsterdam, 11 February 2021 - felyx, market leader in the Benelux for electric shared scooters, has obtained a series A investment totalling €24 million. This record investment will be used as growth capital, enabling felyx to expand within Europe, with launches planned in Germany and France and further expansion into the Benelux.

The equity financing was led by De Hoge Dennen Capital, the investment vehicle for the De Rijcke family, and current major shareholder and entrepreneur Anne-Marie Rakhorst. The investment will be spent on realising further expansion and developing the provision of a green and friendly shared transport system across Europe.

Co-founder and CEO Quinten Selhorst: “We are naturally delighted and very grateful for this funding, which follows on from intensive contact with De Hoge Dennen Capital and Anne-Marie Rakhorst. At the start of our adventure, we knew that felyx was a capital-intensive concept and that the key to success for international growth would lie in data and smart technological applications. Since the summer of 2020, the income from felyx has covered operational expenditure. It’s an important milestone, particularly within the shared mobility market. With this financing, we can now grow the organisation further and make the move to foreign countries, where we have identified enormous potential.”

Chiel Soeter, Senior Investment Manager De Hoge Dennen Capital: “De Hoge Dennen Capital aims to invest in companies with clear growth potential, which contribute towards sustainable development. We are impressed with the dominant market position that felyx has been able to realise in a very short period of time. We believe we can further expand this market position in Europe. As a result of further growth and innovation, felyx will become even more relevant in the future as a green, urban mobility solution.”

Growth in 2020

Since the first journey in 2017, felyx users have covered around 14 million kilometres in the Netherlands and Brussels on the green e-scooters. This has saved over 1.117 tons of CO2-emissions. Over the past year, felyx has expanded to five cities. With ongoing growth in the Benelux and Europe, felyx is eager to stress its overall aim: a compact, shared and sustainable method of transportation to make European cities more welcoming and accessible to all.

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Note for the editor, not for publication. For more information, images and interview questions, please contact Judith Vermulst, jjudith@coopr.nl and +31 6 300 437 46

About felyx

felyx started in 2017 as an Amsterdam start-up offering electric scooter sharing in the capital. The company is now active in various cities in the Netherlands and Belgium.

About De Hoge Dennen Capital

De Hoge Dennen Capital is the investment company of the De Rijcke family. The De Rijcke family has owned Groenwoudt Supermarkten and Kruidvat for several generations, which were sold in the late 1990s and early this century respectively. The investment philosophy is characterized by entrepreneurship, flexibility, partnership and long-term relationships.

Investments are made in medium-sized companies with headquarters in the Netherlands, which are distinguished by ambitious management and good growth prospects. De Hoge Dennen Capital focuses on companies with a turnover of € 20 to € 150 million that are active in trade, industry or services. The emphasis of the investments is on companies in situations of succession, relocation, buy-out or expansion financing.

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